Actual property: 8 out of 10 tenants pay costlier lease 2024-05-18 13:05:01

The Metron Evaluation analysis information on the Actual Property Market introduced by the Affiliation of Actual Property Brokers of Athens – Attica, in collaboration with the corporate Replace Productions, are revealing. 77% mentioned they’ve loads/some value of residing hit by the rally in rents and property costs, whereas three in 4 see additional will increase within the coming years.

Most are dissatisfied with the price of housing, as eight out of ten (85%) responded that rental costs in Greece don’t correspond to property values.

Foundings

Curiously, within the query “The lease you’re at present paying relative to market information is…”, 40% selected the reply “overpriced”, whereas 45% selected the reply “As a lot correctly”. Crucial standards in selecting a residence have been the secure space (96%) and being renovated (92%), whereas the least essential traits have been whether or not it’s furnished (29%) and whether or not it has pure gasoline heating (61%). The findings present that six in ten reside in their very own dwelling (61%) and one in three lease (34%), whereas round 5% state that they reside in a property that has been granted to them free of charge.

Of the 34% of renters, three out of 4 report a lease enhance within the final two to 3 years. Particularly, 37% state that their lease has elevated loads, one other 37% that it has elevated a little bit, solely 24% mentioned that the lease has remained secure, whereas there’s additionally 2% who answered that the lease they pay has decreased.

Homeowners

For homeowners, as proven by the info included in a pan-European evaluation by UBS, Greece presents the bottom proportion amongst households that seem burdened by the servicing of a housing mortgage. Particularly, solely 11.8% are uncovered to the chance of upper rates of interest, as the remainder of the households are both renters or homeowners with no mortgage. The common floor space of ​​their properties is 96 sq.m., however they would favor a home (m.o. perfect home) near 119 sq.m. About one in 5 (21%) homeowners lease out their dwelling.

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